The red parallel may be resistance.12660 is the 0.786 retracement.There are 2 x 782 point ranges in the yearly range and if this repeats it targets 12644 ,12641 is 61.8% of the last range.If we break 12700 bears could be in trouble.My thinking is that we won't but lets see what the market tells us.An aggressive strategy would be to short around 12640-50 with stop at 12710 or closing stop above 12700
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